According to analysts at TD Securities, Australia’s December quarter current account deficit is expected to be -$A9.55b or -2% of GDP (mkt -$A9.2b). Key Quotes “We already know that the trade surplus was +$A8.5b (exports +3% outpaced imports +1.3%/q) but we assume another modest deterioration in the net income balance. As the terms of trade were favourable this translates into poor volumes, and we expect net exports to be a small -0.1%pts drag on Dec qtr GDP (prior +0.4%pts, mkt -0.1%).” “Not featured in the BBG calendar (but accounts for 1/4% of GDP) is government spending, and we look for +1.6%/q or +0.4% pts to GDP. A short while later the RBA is expected to continue its run of leaving the cash rate at 1.5%. After a deluge of RBA-speak last month (SoMP, speech, semi-annual testimony) we do not expect any new news to be in the policy statement this time.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD climbs further beyond 1.3300 handle, over two-week tops FX Street 4 years According to analysts at TD Securities, Australia's December quarter current account deficit is expected to be -$A9.55b or -2% of GDP (mkt -$A9.2b). Key Quotes "We already know that the trade surplus was +$A8.5b (exports +3% outpaced imports +1.3%/q) but we assume another modest deterioration in the net income balance. As the terms of trade were favourable this translates into poor volumes, and we expect net exports to be a small -0.1%pts drag on Dec qtr GDP (prior +0.4%pts, mkt -0.1%)." "Not featured in the BBG calendar (but accounts for 1/4% of GDP) is government spending, and we look for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
